UNLIMITED BOND PURCHASES BY ECB
European Central Bank (ECB) president Mario Draghi has unveiled a long-awaited programme
to buy up sovereign bonds and help bring down the borrowing costs of euro zone's struggling
governments. The plan envisions no set limit on the amount of bonds the ECB could buy, making the programme "a fully effective backstop".
to buy up sovereign bonds and help bring down the borrowing costs of euro zone's struggling
governments. The plan envisions no set limit on the amount of bonds the ECB could buy, making the programme "a fully effective backstop".
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